INDIAN BEACH/SAPPHIRE SHORES NEWLY BUILT HOME WITH POOL. What’s Special: This contemporary, recently constructed residence is centrally located within the historic Indian Beach/Sapphire Shores neighborhood. Home details: Closed attic insulation with Icynene spray foam • R-matte wall application on exterior of block walls • Reverse osmosis filtration system in kitchen • Electric car charger set up in the garage • Surge protection system throughout home • Generator prep package • Electric tankless water heater • Rift-cut white oak custom cabinets in kitchen • Custom terrazzo tile in bathrooms • Quartz countertops • 10-12-foot ceilings throughout • Florida-native plants. Neighborhood details: This area is known for its diverse homes, ranging from historic to modern, set amidst waterfront properties and lush tropical landscapes. Recognized by Sarasota Magazine as one of the most walkable neighborhoods in town, it boasts easily navigable streets and trails, close in proximity to attractions such as the Asolo Performing Arts Center, The John and Mable Ringling Museum of Art, Ca’d’zan, and Jungle Gardens. Nearby parks like Indian Beach Park and Sapphire Shores Park offer amenities like kayak launches and waterfront playgrounds. Situated just north of downtown Sarasota, the neighborhood provides convenient access to the Sarasota-Bradenton International Airport, a mere 5-minute drive away. Additionally, the University Town Center, renowned for its shopping and dining options, is a 10-minute drive from the area. Education: Bay Haven School of Basics Plus; Ringling College of Art and Design; New College of Florida.
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Our Executive Mortgage Banker:
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$1,249,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $999,200 | $999,200 | $999,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.877% | 7.014% | 7.041% |
Monthly Tax Payment | $929 | $929 | $929 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,816 | $6,564 | $8,911 |
Total Monthly Payment | $7,870 | $7,618 | $9,965 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.